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Printer friendlyFrequently asked questions
Q. Why is Mark Silverthorn assisting consumers after working for collection agencies for 12 years?
Q. How can Mark Silverthorn help stop collection agencies from calling me?
Q. When can a collection agency disclose the existence of my debt to someone other than me?
Q. Under what circumstances can a collection agency leave a message requesting a return call?
Q. What is a judgment and what is its significance?
Q. What is the difference between secured and unsecured debt?
Q. For what type of debt can Mark Silverthorn provide the most assistance?
Q. Is it possible to avoid paying a debt due to the passage of time?
Q. Why might my financial situation not be as bleak as it appears?
Q. Personal bankruptcy: How much does it cost and what are its consequences?
Q. What can I do if I want to fight back and make things uncomfortable for a collection agency?
Q.Why might my financial situation not be as bleak as it appears?
A.You may be experiencing some major financial problems. You may be doing any one or more of the following:
- borrowing money from family members
- cutting up your credit cards
- considering a debt consolidation loan or second mortgage
- resorting to payday loans
- considering credit counselling
- considering personal bankruptcy
You may be stressed out about your current financial predicament. However, your financial situation may not be as bleak as it appears:
This may be especially the case where
- a significant percentage of your debt is unsecured debt including credit cards, lines of credit and personal loans other than student loans
- due to your financial situation you may effectively be judgment proof
- you may live in a province where it is difficult to enforce a judgment because fewer enforcement remedies are available to judgment creditors
- your existing income is sufficient to pay for basic necessities such as shelter, food, clothing and no-frills transportation expenses
You may be in a financial hole right now. However, you might be able to get yourself out of this situation using a combination of proven debt avoidance and debt elimination strategies. To learn more about this you can speak to Mark Silverthorn or buy a copy of his e-book titled
A How-to Guide for Dealing with Collection Agencies in Canada .